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Singapore's GIC Says Investment Environment Will Be More Challenging

By

P.R. Venkat

Aug. 1, 2014 6:17 p.m. ET

SINGAPORE—Singapore's sovereign-wealth fund warned of a challenging investment environment over the next decade, as global central banks unwind easy-money policies amid a modest growth outlook for many developed economies.

GIC Pte. Ltd. said it sees greater investment opportunities in emerging economies compared with some developed markets, where ultralow interest rates have inflated prices across all asset classes. GIC, which manages...